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How does Fractional Ownership work?
Fractional ownership is a business concept that has been around for decades. It is a method of ownership where several people can own a share in an expensive asset. Investors choose a fractional approach to investment when they do not want to spend the amount of money required to own the entire asset and they do not want all of the risk or hassle that accompanies ownership of the entire asset. Monocle has pioneered the use of fractional ownership applied to a specific class of asset, the luxury yacht.
Fractional ownership splits the cost of purchasing the asset and managing the asset across a set of owners. Because an independent professional handles management, the fractional owners are free to enjoy themselves and be removed from the management responsibilities. Each owner is free to use his/her share of the asset according to the terms of the purchase. Monocle applied the fractional ownership concept to luxury yachts because most yacht owners only use their yacht several weeks a year and the costs to acquire and maintain a yacht are immense.
Under the Monocle Program, Fractional ownership is perfect for yacht owners who want the yachting experience with no hassles and no waste of their hard earned capital.
Call Monocle Yachts at 954 563 5808 to discuss the possibilities.